AUDJPY (1D): PA at Resistance of Parallel Channel
Updated
AUDJPY Timeframe: 1D
Direction: Short
Confluences for Trade:
- Price action at 38% Fibo levels
- Price action at resistance line of parallel channel
- Stochastic Overbought momentum (D1, H4 & H1)
However, do note that this is a short-term trade idea.
Suggested Trade:
Entry @ Area of Interest 82.30 - 83.00
SL: 83.67
TP: 80.89
RR: Approx. 2.02 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade active
Trade closed manually
Will reassess first before moving again. Gain +85 pips
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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